Byline Bancorp Executive VP & Head of Commercial Banking Brogan Ptacin Sells 30% Of Holding

We wouldn't blame Byline Bancorp, Inc. (NYSE:BY) shareholders if they were a little worried about the fact that Brogan Ptacin, the Executive VP & Head of Commercial Banking recently netted about US$627k selling shares at an average price of US$38.92. That's a big disposal, and it decreased their holding size by 30%, which is notable but not too bad.

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Byline Bancorp Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Lead Independent Director, Antonio Del Valle Perochena, sold US$12m worth of shares at a price of US$39.10 per share. That means that an insider was selling shares at around the current price of US$38.04. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Happily, we note that in the last year insiders paid US$103k for 2.88k shares. But insiders sold 642.78k shares worth US$25m. In total, Byline Bancorp insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Byline Bancorp

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Does Byline Bancorp Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Byline Bancorp insiders own 28% of the company, currently worth about US$496m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Byline Bancorp Insiders?

The stark truth for Byline Bancorp is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Byline Bancorp is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for Byline Bancorp and we suggest you have a look.

But note: Byline Bancorp may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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